Segun Agbaje's GTCO posts ₦302.9bn Q1 profit on income shift
GTCO's Q1 pretax profit edged up 0.9% to ₦302.9 billion as group chief executive Segun Agbaje pivots earnings toward payments, wealth and ecosystem businesses.
Segun Agbaje
GTCO CEO Segun Agbaje will pocket N410 million from a record dividend but owns just 0.088% of the bank he spent 15 years building
GTCO posted record profit before tax of N1.23 trillion and declared N12.76 per share dividend under Segun Agbaje, but his 32 million shares raise questions about his stake in the bank.
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigeria’s bank chiefs: Big salaries, luxury homes, but tiny stakes
Nigeria’s leading bank CEOs command giant lenders, yet their own stockholdings remain modest by global standards — raising questions about alignment with investors.
GTCO, led by Segun Agbaje, posts $301 million H1 profit, down from $608 million
GTCO’s H1 profit drops to $301 million from $608 million amid a sharp fall in dividend income from GTBank.
GTCO’s CEO Segun Agbaje’s stake is now worth $2.5 million
Segun Agbaje’s stake in GTCO has surged to $2.5 million as shares rally, cementing his standing among Nigeria’s affluent bankers.
Nigerian banker Segun Agbaje-led GTCO boosts GTBank's paid up capital to $328 million
GTCO injects $238.5 million into GTBank, boosting paid-up capital to $328.5 million as lender meets new CBN rules and strengthens growth drive.
Under Nigerian banker Segun Agbaje, GTCO becomes first West African lender to list in London
GTCO lists in London under Segun Agbaje, marking a first for West African banks and raising $105 million to meet capital goals.
Nigerian banker Segun Agbaje-led GTCO targets $100 million in UK share sale
The move comes as the Lagos-based financial group seeks to recapitalize Guaranty Trust Bank Plc, its flagship banking unit, to meet new regulatory thresholds.
Segun Agbaje leads GTCO to record $661.3 million profit, sets $134.4 million dividend payout
This highlights the leading lender’s robust financial discipline and commitment to maximizing shareholder value.
Nigerian banking giant GTBank implements 40-percent salary hike amidst economic reforms
GTBank has increased employee salaries by 40 percent in response to Nigeria's economic reforms and rising inflation, reinforcing its commitment to staff welfare while maintaining its position as one of the country’s most cost-efficient banks.
Nigerian banker Segun Agbaje leads GTCO to $552-million profit in H1 2024
This aligns with GTCO's ambitious target to become the first Nigerian company to achieve a $1 billion profit milestone.
Nigerian banker Segun Agbaje-led GTCO eyes July for $329-million capital raise
The capital raise, aimed at generating N500 billion ($329.5 million) through the issuance of ordinary shares, underscores GTCO’s strategy to bolster its technological infrastructure
Nigerian banker Segun Agbaje-led GTCO gets approval for $750 million capital raise
The targeted capital will be sourced through public offerings, private placements, rights issues, and other instruments.